Lizbeth Alicia Gonzalez-Tamayo, Adeniyi D. Olarewaju, Adriana Bonomo-Odizzio and Catherine Krauss-Delorme
This study examines how perceived institutional support, parental role models, and entrepreneurial self-efficacy, representing both macro-level and personal-level factors…
Abstract
Purpose
This study examines how perceived institutional support, parental role models, and entrepreneurial self-efficacy, representing both macro-level and personal-level factors, collectively influence students' intentions to pursue entrepreneurship in Mexico and Uruguay.
Design/methodology/approach
This research utilized quantitative methodology, specifically survey techniques, to collect data from students attending private universities. The study achieved a valid sample size of 419 respondents. Various reliability and validity tests were conducted before structural equation modeling was employed to test the hypothesized relationships between variables.
Findings
The analysis revealed that perceived institutional support does not directly impact students' entrepreneurial intentions (EI). Instead, its effect is mediated through entrepreneurial self-efficacy and the presence of parental role models, both of which are strong predictors of EI. Additionally, the study identified a direct correlation between students' nationality, their academic programs, and their EI. Age and gender, however, did not significantly influence EI.
Research limitations/implications
This study provides theoretical insights into understanding EI by combining macro-level and personal factors. This integrative method contributes to a more comprehensive approach of predicting EI within the context of Latin America.
Practical implications
The study suggests boosting investment to improve the quality of institutions, fostering an environment that supports entrepreneurship, and offering students opportunities to learn from successful role models.
Originality/value
This study was conducted in the context of two economies in Latin America. The novelty lies in combining perceived institutional factors and individual motivators to understand EI in Latin America. It uniquely emphasizes the significance of familial influences, particularly parental role models, in its analysis.
Details
Keywords
Adeniyi Damilola Olarewaju, Lizbeth Alicia Gonzalez-Tamayo, Greeni Maheshwari and Maria Carolina Ortiz-Riaga
This study aims to incorporate macro- and micro-level institutional factors into the theory of planned behaviour (TPB) model to understand their effect on entrepreneurial…
Abstract
Purpose
This study aims to incorporate macro- and micro-level institutional factors into the theory of planned behaviour (TPB) model to understand their effect on entrepreneurial intentions (EI) amongst students in nations from Latin America and Caribbean region and India.
Design/methodology/approach
Using non-probability sampling technique, data was collected from Colombia, Dominican Republic, India and Mexico, and consisted of 757 useable responses from students. Structural equation modelling was employed to conduct confirmatory factor analysis while path analysis was used to test the hypotheses.
Findings
Combined samples from all countries showed information and communications technology infrastructure, usage and adoption (ICTi) and educational support had an indirect effect on EI through personal attitude (PA) and perceived behavioural control (PBC) but not through subjective norms (SN). Additionally, it was found that while PA and PBC have a direct influence on EI; SN does not. Further, an inverse relationship was found between age and EI, while respondents' gender, academic programme and entrepreneurship education had no significant effect on EI.
Practical implications
This study suggests enhanced investments in developing and emerging economies by enabling institutional environments at the macro- and micro-level that could help promote EI.
Originality/value
The current paper contributes to the EI literature by incorporating institutional factors at macro- and micro-levels in developing and emerging economies towards a more integrative TPB.